Good morning Bitcoinland.
Bouncing along in the $18xxx range (with a very short-lived dip under $18k)... currently $18447USD/$23615CAD (Bitcoinaverage).
Ready to resume the ongoing battle for $19k. $20k before year's end? Let's wait and see.
Go Bitcoin go.
Price can not go over 20k for months.
Why not?
Why will go over 20k this month? It can go or will not go for months. So there are two options and not just one option that it will go over 20k really fast. There is a lot of hype lately. Specially when people falsely compare this year with 2017 instead of 2016. In January 2017 Bitcoin reached old ATH, but then there was a correction and only from May 2017 it start grow substantially beyond ATH. I am not saying it will totally repeat as it was 4 years ago. But it is possible it will. Probably higher possibility than to expect that Bitcoin will go over 20k this month and never go below anymore.
Actually we're fairly close in our projections.
I've always pointed out that what has been happening these last few months is comparable to what happened in late 2016 not to what happened in 2017, must a month or two later.
When we finally broke the old ATH in January 2017, we quickly had a massive correction from just over $1100 to just under $800. This was equivalent to the massive correction from almost $20k down to barely over $16k this year.
When it took over a month to reach another ATH before correcting again, naive bears kept waiting for $800 again like it was the holy grail. Needless to say it never made it that low again, barely reaching as low as $900 briefly in March before starting its long exponential growth up to almost $20k.
I'm not saying $20k will necessarily be broken this month or next, but it very easily could be. It's far more likely than going as low as $16k ever again. Talk of $14k is just wishful thinking on the part of foolish bears who made the mistake of selling and are dreaming of buying back at a lower price.
I was just taking exception to your saying that the "price can not go over 20k for months". It most certainly can and probably will.